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Target bets on a strategy that hasn't fixed declining sales [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Target says it is acting with renewed "urgency," as it has been "far from satisfied" with its recent financial performance. The retailer insists it will not rest until it is operating at its full potential, according to comments from Target COO Michael Fiddelke during the company's latest earnings call That urgency comes after several challenging years for the company. Target has faced declining sales, shrinking traffic, and a loss of market share to competitors, compounded by backlash tied to several controversial business decisions. Among them were changes to its DEI initiatives, which sparked consumer boycotts and ultimately led to a class-action lawsuit filed by its own shareholders in 2025. In response, Target has implemented a multi-year strategy aimed at returning the business to profitable growth, with the goal of generating over $15 billion in sales by 2030. To achieve this objective, the company states that it will prioritize product " newness ," expand assortment bas
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